TRON (TRX) One Day Volume Tops $316.41 Million

TRON (TRX) traded up 0.8% against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on August 7th. TRON has a total market cap of $8.94 billion and approximately $316.41 million worth of TRON was traded on exchanges in the last 24 hours. During the last week, TRON has traded 3.1% lower against the U.S. dollar. One TRON coin can now be bought for approximately $0.12 or 0.00000224 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded up 0.4% against the dollar and now trades at $0.65 or 0.00001162 BTC.
• Terra Classic (LUNC) traded down 1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 4.9% against the dollar and now trades at $0.37 or 0.00000661 BTC.
• Terra (LUNA) traded down 0.7% against the dollar and now trades at $0.31 or 0.00000552 BTC.
• GXChain (GXC) traded 0.7% higher against the dollar and now trades at $0.36 or 0.00000648 BTC.
• Adshares (ADS) traded 3% lower against the dollar and now trades at $0.22 or 0.00000393 BTC.
• BitShares (BTS) traded 2% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,000,489,292 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official message board is medium.com/@tronfoundation. The official website for TRON is trondao.org.

According to CryptoCompare, “Tron (TRX) is a decentralized blockchain platform that offers high scalability and availability for decentralized applications (DApps). It has a native cryptocurrency, TRX, which was originally an ERC-20 token on the Ethereum blockchain. Tron aims to create a decentralized internet and its infrastructure, and supports smart contracts with a number of decentralized apps built on top of its network. Its decentralized finance (DeFi) ecosystem has billions in total value locked. The Tron network uses a delegated Proof-of-Stake (dPoS) algorithm, with TRX token holders delegating transaction validation to 27 “super representatives.” Tron was created by Justin Sun and launched in 2017, migrating to its own blockchain in 2018. TRX is used to pay for transaction fees on the Tron blockchain, can be staked for earnings, and is used in the Tron DeFi ecosystem for financial services.”

Buying and Selling TRON

It is usually not possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView